Paralegal 041 - Contract Law » 2019 » Chapter 7 Review Materials

Need help with your exam preparation?

Question #1
Mental incompetence shown by inability to act reasonably with respect to a transaction
A.   Cognitive Test
B.   Aptitute Test
C.   Comprehensive Exam
D.   Volitional Test
Question #2
One who carries on the business of an estate; see Executor
A.   Administrator
B.   Attorney
C.   Agent
D.   Guardian
Question #3
A minor
A.   Agent
B.   Guardian
C.   Infant
D.   Intoxicated
Question #4
Under the influence of alcohol or drugs
A.   Emancipation
B.   Disaffirm
C.   Intoxicated
D.   Void
Question #5
Things indispensable to life; reasonably needed for subsistence, health, comfort, and education, considering the person's age, station in life, and medical condition
A.   Disaffirm
B.   Avoid
C.   Necessities
D.   Adjudicated Incompetent
Question #6
Individual with legal responsibility for the minor
A.   Attorney
B.   Guardian
C.   Agent
D.   Administrator
Question #7
Lawyers Assistance Programs
A.   Adjudicated Incompetent
B.   LAPs
C.   Guardian
D.   Fraud
Question #8
Make a contract void; see Disaffirm
A.   Ratify
B.   Avoid
C.   Emancipation
D.   Express Ratification
Question #9
Intent to honor contract or acknowledgment of contract can be inferred from behavior or words
A.   Express Ratification
B.   Disaffirm
C.   Emancipation
D.   Implied Ratification
Question #10
The age of adult status (typically 18)
A.   Majority
B.   Adjudicated Incompetent
C.   Agent
D.   Minor
Question #11
To state or write intent to honor a contract or, if the contract has been executed, to acknowledge the contract
A.   Non Adjudicated Incompetent
B.   Express Ratification
C.   Implied Ratification
D.   Adjudicated Incompetent
Question #12
False statement of material fact, made with intent to deceive, on which another reasonably relies, to his detriment
A.   Threat
B.   Mutual Mistake
C.   Fraud
D.   Advertisements
Question #13
Minor is no longer under care/control of an adult
A.   Minor
B.   Necessities
C.   Administrator
D.   Emancipation
Question #14
Attorney whose role is to advocate the child's position
A.   Guardian
B.   Agent
C.   Minor
D.   Attorney for the Child
Question #15
A person who has not reached adult status, typically the day before his/her 18th birthday
A.   Agent
B.   Attorney for the Child
C.   Minor
D.   Major
Question #16
To acknowledge or validate a contract after its execution
A.   Infant
B.   Ratify
C.   Emancipation
D.   Disaffirm
Question #17
Mental incompetence determined by inability to understand the nature and consequences of a transaction
A.   Volitional Test
B.   Cognitive Test
C.   Necessities
D.   Administrator
Question #18
Make a contract void; see Avoid
A.   Implied Ratification
B.   Disaffirm
C.   Void
D.   Express Ratification
Question #19
Incompetence has not been determined by cour
A.   Volitional Test
B.   Adjudicated Incompetent
C.   Non-Adjudicated Incompetent
D.   Cognitive Test
Question #20
One who is authorized to act for or in place of another; representative
A.   Agent
B.   Administrator
C.   Attorney
D.   Guardian
Question #21
Court has declared person incompetent
A.   Non Adjudicated Incompetent
B.   Adjudicated Incompetent
C.   Express Ratification
D.   Implied Ratification
Question #22
An agreement with no legal effect
A.   Disaffirm
B.   Mutual Mistake
C.   Fraud
D.   Void

Need help with your exam preparation?